Ethereum Liquid Staking Protocol Puffer Finance Surpasses $300 Million TVL | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• KuCoin Ventures announces a strategic partnership with BitDragon, the first cross-chain game based on the SRC-20 protocol. Developed by the core team behind the Sandbox ecosystem, BitDragon aims to build a cross-chain gaming ecosystem through an innovative inscription, NFT, and token asset model.
• CoinList opens applications for CoinList Seed Winter 2024, a program for early-stage cryptocurrency projects aimed at accelerating project visibility and user acquisition beyond what is offered by incubators, fundraising platforms, and launchpads.
• FTX looks to sell its 7.84% stake in AI firm Anthropic, valued at over $1 billion.
• Justin Sun: 20 million HT obtained through user redemption will be destroyed, leaving a total of only 134 million HTs.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC):

2. Cryptocurrency Trends:

• The market value of BlackRock IBIT's Bitcoin holdings as of February reached $3 billion.
• Lybra Finance's TVL reaches 66.67% on February 3. The team says the incident was caused by user behavior and that assets are safe. LBR prices are down over 40% in the last 7 days, either due to sell pressure or the trades of large whales.
• EigenDA, EigenLayer's data availability solution, integrates into Arbitrum Orbit, allowing the Rollup team to use EigenDA to scale the Orbit chain beyond the Ethereum block size limit without sacrificing decentralization.
• Puffer Finance, an Ethereum liquid staking protocol, surpasses $300 Million TVL on February 4.
• Radiant, a multi-chain lending protocol, launches a community proposal to abandon DAI as the backing asset for the Radiant money market on the Arbitrum chain in response to the stagnant market for DAI on Arbitrum and its limited utility.
• Kinetix, a Cosmos ecosystem DeFi program, to airdrop 3% of its tokens, including ATOM, TIA, OSMO, INJ, and MATIC stakers.
• The Aave community is moving forward with the GHO Stability Module and the DAO Staking-as-a-Service product Frontier through the Fund Management Proposal, which now has a quorum of support.

3. Financing Trends:

• Bitlight Labs, an RGB protocol infrastructure project, closes seed round funding led by Gate Ventures and HV Capital.
• Bitmap.tech, a Bitcoin scalability ecosystem project, closes seed round funding led by ABCDE.

4. Regulatory Trends:

• The Hong Kong Economic Journal reports that the HKMA's consultation on legislation to regulate stablecoin issuers closes at the end of this month, and a number of financial institutions, such as First Digital Group, are preparing to submit applications and participate in the sandbox.